Employers in NSW will soon receive workers’ compensation renewal notices, after state insurer icare confirmed premium settings.

Earlier this year, the state government froze industry classification rates for 2026-27 and 2027-28.

Premiums for individual employers may still vary based on factors such as changes in wages, business activity, claims experience and eligibility for incentives.

The minimum premium payable will remain at $240, and premium increase capping for experience-rated employers will reduce from 30% to 25%.

Employers must now pay an excess at the start of a claim.

icare has recorded a webinar from an information series for brokers, consultants and industry groups, which can be viewed here.